Livforsakringsbolaget Skandia Omsesidigt Makes New Investment in Xylem Inc. (NYSE:XYL)

Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,190 shares of the industrial products company's stock, valued at approximately $262,000.

Several other hedge funds also recently modified their holdings of XYL. Perkins Coie Trust Co bought a new stake in shares of Xylem in the first quarter valued at approximately $27,000. Lee Danner & Bass Inc. bought a new position in shares of Xylem in the fourth quarter worth approximately $30,000. Rialto Wealth Management LLC bought a new stake in shares of Xylem during the fourth quarter valued at approximately $31,000. Heck Capital Advisors LLC bought a new stake in shares of Xylem in the 4th quarter worth $36,000. Finally, SRS Capital Advisors Inc. lifted its stake in Xylem by 69.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 130 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Price Performance

NYSE:XYL traded up $0.07 during trading hours on Thursday, hitting $127.09. The company's stock had a trading volume of 242,440 shares, compared to its average volume of 1,395,754. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The business's 50-day moving average is $119.60 and its two-hundred day moving average is $121.76. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $143.50. The company has a market capitalization of $30.93 billion, a PE ratio of 34.72, a PEG ratio of 2.33 and a beta of 1.13.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. The firm had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.04 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. As a group, research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.26%. The ex-dividend date is Thursday, May 29th. Xylem's dividend payout ratio (DPR) is currently 43.01%.

Wall Street Analyst Weigh In

XYL has been the subject of several recent analyst reports. Citigroup dropped their target price on shares of Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a report on Monday, April 14th. Raymond James raised shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. began coverage on Xylem in a report on Friday, May 30th. They set an "overweight" rating and a $148.00 target price on the stock. Robert W. Baird cut their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, Stifel Nicolaus lifted their target price on shares of Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Xylem presently has a consensus rating of "Moderate Buy" and a consensus target price of $143.71.

Xylem Company Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.